Help needed for Onecard sbm bank

[Wizard]

I have Onecard credit card by SBM bank.The credit card was backed by fixed deposits. The bank was reporting to CIBIL as unsecured credit card. I have raised dispute on CIBIL to change it as secured credit card which was rejected by SBM bank. I heard secured accounts will have a positive impact on CIBIL score. What should I do now? Please guide

 

[signior-x]

Same issue is I am facing. I am not closing the card just because it's my oldest card.

 

[Raaghul5]

I have Onecard credit card by SBM bank.The credit card was backed by fixed deposits. The bank was reporting to CIBIL as unsecured credit card. I have raised dispute on CIBIL to change it as secured credit card which was rejected by SBM bank. I heard secured accounts will have a positive impact on CIBIL score. What should I do now? Please guide

Take the ombudsman way.

 

[Wizard]

Same issue is I am facing. I am not closing the card just because it's

Same issue is I am facing. I am not closing the card just because it's my oldest card.

Yes as it was my first and oldest credit card I also didn't want to close it. But how to change the card type to secured type.

 

[Wizard]

Take the ombudsman way.

Will they help for this type of query?

 

[White_Fox]

I have Onecard credit card by SBM bank.The credit card was backed by fixed deposits. The bank was reporting to CIBIL as unsecured credit card. I have raised dispute on CIBIL to change it as secured credit card which was rejected by SBM bank. I heard secured accounts will have a positive impact on CIBIL score. What should I do now? Please guide

OneCard generally provides a credit limit of approximately 110% of your fixed deposit (FD). So if your FD is of ₹10,000, OneCard will provide a credit limit of ₹11,000. Therefore, it will show up as an unsecured card on credit reports.

Credit cards that show as secured cards on the credit reports provide credit limits less than the FD.

 

[Wizard]

OneCard generally provides a credit limit of approximately 110% of your fixed deposit (FD). So if your FD is of ₹10,000, OneCard will provide a credit limit of ₹11,000. Therefore, it will show up as an unsecured card on credit reports.

Credit cards that show as secured cards on the credit reports provide credit limits less than the FD.

My current value of fixed deposits with SBM bank is 32,500. My credit card limit is 30,000.
Then it comes under secured only na?

 

[Raaghul5]

My current value of fixed deposits with SBM bank is 32,500. My credit card limit is 30,000.
Then it comes under secured only na?

100%. Even cic comes under rbi ombudsman, so you definitely can try it.

 

[sourabhjha]

Yeah ombudsman is the only option if bank is not listening.
Just in case read their T&C, if there mentioned anything about it.